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>>Straits Times Index Forecast for July 20:-
- S1: 3000
- S2: 2985
- S3: 2965
- R1: 3040
- R2: 3050
- R3: 3070
>> SGX Market Study of July 19:-
- Singapore stock market rose to a near one-year closing high on Thursday, helped by improved investor sentiment after strong corporate earnings from U.S. bellwethers such as Intel Corp while Southeast Asia's other markets ended mixed.
- Singapore share opens higher @ 3035.85 and then it fell down and took support@ 3026 mark and again trades higher and made day high of 3039.77 and then facing resistance and fell down, finally closed @ 3028.96 with gain of 11.75 up by 0.39%.
- In the broader market, 1.24 billion shares changed hands. Gainers outnumbered losers 198 to 154.
>> SGX Market Outlook for July 20:-
- STI facing resistance its 3040 levels and cant able to crossed this level and fell down, but finally closed near to day opening.
- As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.
- STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.
>> SUPPORT:-
- STI having nearest support @ 3000 level and below this level it can take support @ 2985-2965 will be the support zone for STI.
>> RESISTANCE:-
- STI having Resistance @3040 and above this level it may take resistance @ 3050-3070 levels.
>> TECHNICAL INDICATOR:-
- Technical indicators are looking Bullish on chart.
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